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20121205
20121213
Search Results 0 to 9 of about 10 (some duplicates have been removed)
is enough to get us past the fiscal cliff, turn off these automatic spending cuts and make sure that taxes don't go up. and then they would figure out what to do with the upper bracket. and then there would be a mechanism that would guarantee further action next year. if at all possible, they would disagree next year and there would be some sort of trigger or punishment for their lack of action. that sounds relatively simple, i think, putting it all together could take at least a couple of weeks after they have a deal. there could be some inevitable blocks either by conservatives in the house or in the senate. blowups either byow wha conservatives in the house or in the senate. the details can get pretty political party quickly. there's so much in flux. it all presupposes that the get an agreement. there was a school of thought that they could not get an agreement until tax rates actually go up next year. >> you can follow himat @apandrewtaylor. >> a discussion on the u.s. economy and you pull in the middle class with participants from think tanks, academia and business at 8:30 a.m. easter
about something that is on everybody's mind, the fiscal cliff. oh my goodness, the fiscal cliff is now just -- wow, 20 days away. so what are we going to do? some have suggested that we really have to deal with entitlements. and i'm here to agree that we can and we should deal with entitlements. certainly two of those issues, which i really don't think we ought to call entitlements but are fundamental programs here in america for americans, should be dealt with. one that some people want to put on the table really doesn't deal with the deficit at all, and that's social security. so before we even get into this discussion tonight, let's just understand or anybody that cares to take on this issue that in dealing with the fiscal cliff, social security is not the problem. the deficit is not caused by social security. social security has never been and in its present form, will not be part of the deficit issue. it's separate and apart. it is a special program. has its own source of revenue. has its own trust fund and isn't running the deficit at all and has not run a deficit. so let's put s
in the spending so we in washington and finally address the problem. >> as we continue to try to solve the fiscal cliff, the thing we have continued to look at is our economy. today in the whip's office we will have small family-owned businesses in there and talk about ways to protect the family business, continue to grow while at the same time make sure we solve this fiscal cliff. look, each and every day as we walk the halls, you continue to ask the questions. the fiscal cliff. we put the offer on the table and the president now has to engage. the next 72 hours are critical. if he sits back and continues to play politics, that will give going. this is the opportunity for the country to lead and opportunity for the president to lead. >> as these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem, it has a spending problem. and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will on
. the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar of spending cuts, yet the president wants more revenue and fewer spending cuts. if we fell off the cliff, his plan calls for another round of stimulus spending. you have got to be kidding me. what the president's plan lacks is any reform in our entitlement system. the unrestrained growth in entitlement system is driving deficits and driving the debt even higher than the percentage of our gdp. it is estimated to be as high as $128 trillion. even if they confiscate all of the income that excesses $1 million, we cannot pay for the entitlement commitments that the federal government has made. we have made promises to ourselves that we simply cannot keep. without some sensible entitlement reform, our credit rating will be downgraded again. we will become a country that none of us recognize. secondly, fiscal plans failed to achieve their government budget deficit or debt reduction goals. dr. hassett has examined fiscal plans in other countries. on average, unsuccessful plans proposed an inc
some of wednesday's events regarding the fiscal cliff. tax increases and spending cuts that will go into effect unless congress acts. first, a bloomberg government form. in an hour, president obama speaks to ceo's at a business roundtable. followed by a news conference with john boehner. several live events to tell you about tomorrow morning. talking about housing issues and the agency's budget. here on c-span at 10:00 eastern. on c-span two, 9:00 a.m. eastern, a news briefing at the pentagon. also, a senate commerce subcommittee on the impact of hurricane sandy and transportation systems in the northeast, on c-span 3 at 10:30 a.m. eastern. >> we have had these explosions of knowledge in medicine but we have not coordinated care. all of these have some in the cracks that they are as harmful as the disease is treated. you have to ask, are we hurting people overall on a global level that's what are we doing sometimes? now we have got the report saying 30% of everything we do may not be necessary in health care. when we step back, 30% of all the medications we prescribe, the procedures
we had in vietnam surtax applied after military spending was already falling. falling office cliff would mean a recession. i think it could be much worse than cbo implies. 1, the economy is very fragile right now and vulnerable to a secondly, i think it has a horrible psychological impact on the business community and consumers who would totally lose confidence in our ability to govern. i agree with david that what we need right now is a downpayment, making some progress. one that probably involves the tax and spending side. and the pledge to do much more later. the important thing to know about the proposals on the street right now is that you can accept everything in the president's proposal for everything in speaker boehner's proposal and he would not solve the budget problems in the longer run. in my judgment, you need about twice what they have put on the table. i'm very troubled by the fact that we are giving the impression that we can solve this problem without imposing much pain on the middle-class. the president made that very explicit. he promised never to raise taxes on
and the specific spending cuts specific revenue increases that reduce the deficit and avoid the fiscal cliff. we should not put out the hard decisions with gimmicks or triggers. that is what got us here in the first place. at this time to bite the bullet -- it is time to bite the bullet and make the tough decision. the first thing we should do is immediately and eminently extend the middle class tax cuts. this decisive action will ensure that millions of american families do not see a tax cut. -- a tax hike of $2000 in the next two months. we need a long-term solution. most serious plans recommend about $4 trillion to restore the balance. interest savings revives another $600 billion. brining home our troops from iraq and afganistan brings another $800 billion. this plan will strengthen the economy. it will put us on a stable path forward. it must ramp up over time if we will avoid slowing down the economic recovery. 40% of the long-term growth of federal health programs is due to rising healthcare costs. 40%. 60% is due to americans aging. 10,000 americans turn 65 every day. in fact, each and e
of three months. what we need to be more focused on is to get through the fiscal cliff and get a deal done and lay the foundation for long-term fiscal reform. it is focused primarily on health care. >> senator, can you wait in on this? cbo, 10-year window, this is a requirement. congress needs to address these things. a roadmap, if you will. should we change the rules before we play the game? >> all of these extraordinary and practical ideas cannot survive in the cbo structure. that is a forcing mechanism. people are grasping onto ideas such as changing the age. people can easily explain it i and understand it instead of doing the more complex and difficult things that would get you where you want to go. i would be interested -- i have always opposed -- >> i did not hear that. >> directive scoring when it comes to cbo. i do think somehow and i think this is the governor's point, which is congress ignores a lot of stuff that makes sense. it gets wrapped up in its day- to-day activities. i honestly think you break out of this is if you get a white house and leadership in congress that are wi
about whether we will resolve the fiscal cliff and have some large down payment. when it comes to republicans and conservatives, there are three things to bearer in mind. one is the house republicans they were elected to cut spending and not raise taxes. that is one of the reasons it is hard to move toward. there are a number of revenues that would be acceptable to conservatives. the first one is one that speaker boehner put out almost immediately after the election. that is revenues to a stronger economy. that seems to be acceptable. also acceptable would be a way to reduce subsidies. you could see more premiums for things like flood insurance, pension plans and so forth. these are acceptable type of revenues to conservatives that are not getting a lot of discussions. also are forms of privatizing. we talked about public-private partnerships in transportation, and for structure. also all kinds of ways we can undertake a program of privatizing, involving asset sales and other services to generate revenues to the federal government that would be absolutely acceptable to conserva
Search Results 0 to 9 of about 10 (some duplicates have been removed)